For automakers, two key customer satisfaction considerations are the feel of a car’s door when opening and closing and the quietness of the cabin. Magna recently developed the Comfort+TM door latch to address both concerns and has secured its first production contract to supply the new type of latch to a European automaker. Comfort+ turns sliding friction into rolling friction within the mechanics of the door latch, which significantly reduces the efforts required to open and close a car door and results in a smooth, consistent feel.

Renesas Electronics Corporation , an industry-leading supplier of automotive semiconductor solutions, and Magna, a mobility technology company and one of the world’s largest automotive suppliers, aim to accelerate the mass adoption of advanced driving assistance system features with a new cost-efficient 3D surround view system designed for entry- and mid-range vehicles.

Defensive investment strategies are those that maintain holdings in safe assets, which include stocks that meet a certain criteria that avoids losses in market value. To do this successfully, thereRead More...

AURORA, Ontario, May 10, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common ...

AURORA, Ontario, May 10, 2018-- Magna International Inc. today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common Shares or 79.79% of our issued and outstanding ...

Canadian, Mexican and U.S. officials have been locked in intense negotiations for more than eight months to modernize the North American Free Trade Agreement (NAFTA) but rules around automotive industry content have emerged as a key sticking point. To be exempt from duties, the U.S. has argued that autos should be composed of 75 percent North American auto content, up from the current 62.5 percent. While a higher North American content would benefit Magna as the region's largest auto parts supplier, negotiators must also weigh carmakers' needs, CEO Don Walker said.

The head of North America’s biggest auto parts supplier says automakers will move more production offshore if changes to Nafta make it too complicated, echoing a similar warning from Canada’s foreign minister. Magna International Inc. Chief Executive Officer Don Walker, speaking Thursday at his company’s annual meeting north of Toronto, said any revised North American Free Trade Agreement has to encourage long-term investment and that the sector favors a “do no harm” approach.

The Aurora, Ontario-based company said it had profit of $1.83 per share. Earnings, adjusted for non-recurring costs, came to $1.84 per share. The results surpassed Wall Street expectations. The average ...

Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first ...